I was reading some of the replies in of @mr_jk's thread when he asked what will happen if bitcoin's price became stable?
The replies were unexpected hehehe. Much of them argued why or how can bitcoin be stable? This makes me ask the question do much of the holders of bitcoin want the price to be stable or do they really want it be volatile? I ask this because stability makes bitcoin become a good store of value and medium of exchange. Volatility makes it good for trading and speculation.
The replies were unexpected hehehe. Much of them argued why or how can bitcoin be stable? This makes me ask the question do much of the holders of bitcoin want the price to be stable or do they really want it be volatile? I ask this because stability makes bitcoin become a good store of value and medium of exchange. Volatility makes it good for trading and speculation.
Stability is boring. Stability is living life in a perpetual state of Zugzwang of the highest order. To live a life without risk and chance of gain means there is so little to strive for, as it all evens out anyway.
I think the fact that Bitcoin has a volatile price is a good thing. It reflects how much profit potential there exists thanks to whales selling and buying all while Bitcoin slowly but surely rises in its core value. A smart man would take advantage of the whales and let them provide the cheap coin.
Buying the dips kills the whale
